James Hardie Industries (NYSE:JHX) Price Target Raised to $40.00

James Hardie Industries (NYSE:JHX) had its price objective hoisted by analysts at Truist Financial from $30.00 to $40.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective suggests a potential upside of 34.82% from the company’s current price.

Several other research firms have also recently issued reports on JHX. Barclays reaffirmed a “positive” rating on shares of James Hardie Industries in a research report on Friday, July 24th. Zacks Research raised James Hardie Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Stephens lifted their target price on James Hardie Industries from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Oppenheimer set a $36.00 target price on James Hardie Industries in a report on Friday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.11.

James Hardie Industries Stock Performance

NYSE:JHX opened at $29.67 on Friday. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 137.46, a price-to-earnings-growth ratio of 13.94 and a beta of 1.77. The company has a fifty day simple moving average of $25.24 and a two-hundred day simple moving average of $22.99. James Hardie Industries has a 52 week low of $16.46 and a 52 week high of $30.19. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.71.

James Hardie Industries (NYSE:JHX) last released its earnings results on Thursday, August 6th. The construction company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. James Hardie Industries had a return on equity of 11.13% and a net margin of 2.15%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the firm posted $0.29 EPS. James Hardie Industries’s revenue for the quarter was up 63.9% on a year-over-year basis. As a group, equities analysts anticipate that James Hardie Industries will post 1.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On James Hardie Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of James Hardie Industries by 259.7% in the 3rd quarter. Wellington Management Group LLP now owns 50,649,731 shares of the construction company’s stock worth $972,981,000 after buying an additional 36,567,726 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in James Hardie Industries by 22.2% during the 4th quarter. JPMorgan Chase & Co. now owns 9,690,174 shares of the construction company’s stock valued at $201,071,000 after buying an additional 1,758,111 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in James Hardie Industries by 14.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,166,115 shares of the construction company’s stock valued at $107,197,000 after buying an additional 634,354 shares during the last quarter. Hill City Capital LP increased its position in James Hardie Industries by 21.4% during the fourth quarter. Hill City Capital LP now owns 5,120,200 shares of the construction company’s stock worth $106,244,000 after buying an additional 901,700 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of James Hardie Industries by 48.5% in the first quarter. Renaissance Technologies LLC now owns 3,839,489 shares of the construction company’s stock worth $72,720,000 after acquiring an additional 1,254,400 shares during the last quarter. Institutional investors and hedge funds own 7.96% of the company’s stock.

Trending Headlines about James Hardie Industries

Here are the key news stories impacting James Hardie Industries this week:

• Positive Sentiment: Quarterly results exceeded expectations. Fiscal Q1 revenue rose 63.9% year over year to approximately $1.47 billion, above the $1.42 billion consensus estimate. Adjusted EPS of $0.36 also topped expectations of $0.32, compared with $0.29 a year earlier. James Hardie quarterly earnings report
• Positive Sentiment: Management raised its fiscal 2027 outlook. Full-year revenue guidance of $5.6 billion to $5.7 billion is above the approximately $5.4 billion analyst consensus. Second-quarter revenue guidance of $1.5 billion to $1.6 billion also exceeds expectations of about $1.3 billion, signaling continued demand and confidence in the business. James Hardie raises fiscal 2027 outlook
• Positive Sentiment: Cash generation improved. Operating cash flow increased to $344 million, while capital expenditures declined to approximately $89.8 million, supporting financial flexibility. James Hardie fiscal 2027 first-quarter results

About James Hardie Industries

James Hardie Industries plc (NYSE: JHX) is a global manufacturer of high-performance fiber cement building products. The company specializes in exterior cladding, trim and soffit, as well as interior backerboard solutions designed for residential and commercial construction. By combining cement, sand and cellulose fibers, James Hardie produces durable, low-maintenance materials that resist moisture, fire and termite damage, catering to builders, contractors and homeowners through a network of distributors and retail channels.

The company’s flagship products include Hardie® Plank® and Hardie® Panel® siding systems, Hardie® BackerBoard® for tile applications, and a range of architectural trim solutions.